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The disposals will be completed on July 31, Link Reit said in a stock exchange filing on Tuesday.

The complexes are Hing Tin Commercial Centre in Lam Tin, sold for HK$210 million; Kwai Hing Shopping Centre in Kwai Chung, sold for HK$438.84 million; the retail centre and car park at Tung Hei Court in Shau Kei Wan, sold for HK$72.9 million; and the Wah Kwai Shopping Centre in Pokfulam, sold for HK$518 million.

Link expects to record a gain of about HK$331.7 million. However, as the amounts involved are not large, the reit said it expects the financial impact to be limited.

It also does not expect the disposals to result in a material change in the reit's gearing, which stood at about 11.6 per cent at the end of September.

The Link said the disposals would streamline its operations and allow it to allocate resources more efficiently.